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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Retail space
620 Boston St 624 Lynn, MA 01905-2033
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-0068758
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1903
Construction
FRAME
Total area
3,982 SF
Lot
0.17 ac (7,571 SF)
Zoning code
BD
APN
LYNN M:021 B:285 L:001
UPID
US38-0068758
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Vasquez Services Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$714k
Blend (final)
Blend
$730k
Owner & transaction history
Maven Patel LLC · 1 yrs held
Maven Patel LLC
since 2024
Last sale
$730,000
7 recorded transactions
Zoning & alternative use
BD · Lynn, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+22.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lynn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lynn submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$730,000
ML approach
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$880,000
Current use
AUTO REPAIR, GARAGE
$1,075,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$830,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$730k
Range $657k – $803k · ±10% · vs last sale $730k (Dec 18 2024)
Last sale anchor
$730k
Dec 18 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$183 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$12,489
Tax year 2024
Assessed value
$618,900
Assessed 2024
Previous assessed
$618,900
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$295,600
Assessed improvement
$323,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1903
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Bathrooms
2
Total area
3,982 SF
Lot
0.17 ac (7,571 SF)
Zoning code
BD
APN
LYNN M:021 B:285 L:001
UPID
US38-0068758
Jurisdiction
LYNN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
BD · Lynn, MAZoning BD · permitted uses
BD · Lynn, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$880,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$830,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1903
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Bathrooms
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Maven Patel LLC
Entity
Mailing address
109 RAFFAELE DR, WALTHAM, MA 02452-0314
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2024
$730,000
Maven Patel LLC
Shiv RT
Deed
$584,000 · Rockland Trust Co
Nov 28, 2023
—
Shiv RT
Corner Market Lynn LLC
Quit Claim Deed
related
$444,500 · Rockland Trust Co
Sep 23, 2021
$500,000
Corner Market Lynn LLC
Jose O Tineotavarez
Quit Claim Arm's Length For Ne States
—
Mar 22, 2012
—
Jose O Tineo-tavarez
—
Deed Of Trust
related
$150,000 · Carpenter Trust
Feb 8, 2007
$1
Mario Vasquez
Vasquez,andrea M
Grant Deed
related
—
Jan 16, 2002
$190,000
Jose O Tineo Tavarez
Tabak,mahmoud
Grant Deed
$123,500 · Interbay Funding LLC
Sep 8, 1999
$127,500
Mahmoud Tabak
Goshko,naomi
Grant Deed
$89,250 · Warren Five Cts Savings
Oct 3, 1996
—
Naomi Goshko
—
Deed Of Trust
related
$100,000 · Gary Needham
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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